Common use of Reliance on Third Parties Clause in Contracts

Reliance on Third Parties. Regardless of whether an election is made under paragraph C of section I of this Annex I, Singapore may permit Reporting Singaporean Financial Institutions to rely on due diligence procedures performed by third parties, to the extent provided in relevant U.S. Treasury Regulations.

Reliance on Third Parties. Regardless of whether an election is made under paragraph C of section I of this Annex IXxxxx X, Singapore may permit Reporting Singaporean Financial Institutions to rely on due diligence procedures performed by third parties, to the extent provided in relevant U.S. Treasury Regulations.